Chicago Transit Authority cuts managers, trims $15 mil.

(Crain's) — The Chicago Transit Authority announced Monday that it will trim its senior management by 10%, a move that will help the mass transit agency save $15 million a year.

The job cuts include 26 managers and 28 other non-union positions. The CTA will save $7.6 million in salary and benefits by eliminating the 54 jobs, the agency said.

Another $900,000 will be saved by not filling certain open positions. The remaining $6.5 million in savings will come from other personnel moves and cost-cutting measures, the CTA said.

"By reorganizing and streamlining, we gain immediate savings with no adverse effect on the current level and quality of service provided to customers," CTA President Forrest Claypool said in a statement.